Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets Intangibles (Tables)

v2.4.0.6
Intangible Assets Intangibles (Tables)
 3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets, net at March 31, 2013, consisted of the following:
 
 
March 31, 2013
(in thousands)
Weighted Average Useful Lives
Gross Carrying Value
Accumulated Amortization
Net Carrying Value
Intangible assets:
 
 
 
 
Definite life:
 
 
 
 
Existing technology - software
8 years
$
2,537

$
(53
)
$
2,484

Existing technology - games
6 years
12,150

(338
)
11,812

IPR&D
8 years
7,210

—

7,210

Customer relationships
8.5 years
79,871

(1,455
)
78,416

Other
2 years
2,659

(239
)
2,420

Content library
1.5 years
15,418

(2,082
)
13,336

Total intangible assets
 
$
119,845

$
(4,167
)
$
115,678

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
Concurrent with the Business Combination, The Company acquired approximately 86% of the issued and outstanding shares of AIA, all of which were owned by PAR. The purchase price was allocated to the intangible assets as follows:

(in thousands)
Purchase Price Allocation
Existing technology - software
$
2,537

Existing technology - games
12,150

IPR&D
7,210

Customer relationships
79,871

Other
2,659

Content library
15,418

Total
$
119,845

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The Company expects to record amortization of the intangible assets over the next five fiscal years and thereafter as follows:

Year ending December 31,       (in thousands)
Amount
2013 (9 months ended)
$
10,528

2014
13,835

2015
13,323

2016
12,973

2017
12,972

Thereafter
52,047

Total
$
115,678